Schedule III Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2013

Schedule III Real Estate and Accumulated Depreciation [Abstract]

Schedule III - Real Estate and Accumulated Depreciation

Pebblebrook Hotel Trust Schedule III--Real Estate and Accumulated Depreciation As of December 31, 2013 (In thousands)

			Initial Costs								Gross Amount at End of Year
Description	Encumb-rances		Land		Building and Improvements		Furniture, Fixtures and Equipment		Costs Capitalized Subsequent to Acquisition ⁽¹⁾		Land		Building and Improvements		Furniture, Fixtures and Equipment		Total		Accumulated Depreciation		Net Book Value		Year of Original Construction	Date of Acquisition	Depreciation Life

DoubleTree by Hilton Bethesda-Washington DC	$	35,102	$	10,065	$	53,000	$	4,035	$	6,868	$	10,065	$	57,355	$	6,548	$	73,968	$	8,387	$	65,581	1971	6/4/2010	3-40 years
Sir Francis Drake Hotel	—		22,500		60,547		6,953		15,544		22,500		69,956		13,088		105,544		12,033		93,511		1928	6/22/2010	1-40 years
InterContinental Buckhead Hotel	50,192		25,000		68,844		11,000		9,015		25,000		72,393		16,466		113,859		13,741		100,118		2004	7/1/2010	3-40 years
Monaco Washington DC	44,580		—		60,630		2,441		4,716		—		63,970		3,816		67,786		6,751		61,035		1839	9/9/2010	3-40 years
The Grand Hotel Minneapolis	—		4,950		26,616		300		9,544		4,950		32,508		3,952		41,410		4,692		36,718		1912	9/29/2010	1-40 years
Skamania Lodge	29,811		7,129		44,987		3,523		4,058		7,130		47,497		5,070		59,697		5,936		53,761		1993	11/3/2010	3-40 years
Le Meridien Delfina Santa Monica Hotel	—		18,784		81,580		2,295		10,732		18,784		86,535		8,072		113,391		9,170		104,221		1972	11/19/2010	3-40 years
Sofitel Philadelphia Hotel	48,218		18,000		64,256		4,639		6,688		18,000		67,843		7,740		93,583		7,735		85,848		2000	12/3/2010	3-40 years
Argonaut Hotel	45,138		—		79,492		4,247		4,767		—		81,895		6,611		88,506		8,350		80,156		1907	2/16/2011	3-40 years
Westin Gaslamp Quarter	79,194		25,537		86,089		6,850		18,404		25,537		101,412		9,931		136,880		11,870		125,010		1987	4/6/2011	1-40 years
Monaco Seattle	—		10,105		38,888		2,073		6,444		10,105		41,824		5,581		57,510		4,775		52,735		1969	4/7/2011	3-40 years
Mondrian Los Angeles	—		20,306		110,283		6,091		7,441		20,306		114,421		9,395		144,122		10,488		133,634		1959	5/3/2011	3-40 years
Viceroy Miami	—		8,368		24,246		3,723		2,007		8,368		24,679		5,297		38,344		3,869		34,475		2009	5/26/2011	1-40 years
W Boston	—		19,453		63,893		5,887		2,435		19,453		65,404		6,811		91,668		7,574		84,094		2009	6/8/2011	2-40 years
Hotel Zetta (formerly Hotel Milano)	—		7,294		22,166		290		14,667		7,294		33,016		4,107		44,417		2,231		42,186		1913	4/4/2012	1-40 years
Vintage Park Seattle	—		8,170		23,557		706		3,688		8,170		25,206		2,745		36,121		1,679		34,442		1922	7/9/2012	3-40 years
Vintage Plaza Portland	—		6,222		23,012		1,093		1,458		6,222		23,883		1,680		31,785		1,428		30,357		1894	7/9/2012	3-40 years
W Los Angeles - Westwood	—		24,403		93,203		3,600		1,765		24,403		93,834		4,734		122,971		4,272		118,699		1969	8/23/2012	3-40 years
Hotel Palomar San Francisco ⁽²⁾	26,802		—		63,430		3,780		1,525		—		63,961		4,774		68,735		3,059		65,676		1907	10/25/2012	3-40 years
Embassy Suites San Diego Bay- Downtown ⁽³⁾	65,725		20,103		90,162		6,881		904		20,103		90,785		7,162		118,050		3,219		114,831		1988	1/29/2013	3-40 years
Redbury Hotel	—		8,057		24,833		1,000		109		8,057		24,897		1,045		33,999		304		33,695		2008	8/8/2013	3-40 years
Hotel Modera ⁽⁴⁾	23,597		8,215		37,874		1,500		10		8,214		37,874		1,510		47,598		516		47,082		1962	8/28/2013	3-40 years
Radisson Hotel Fisherman's Wharf	—		—		116,445		3,550		—		—		116,445		3,550		119,995		249		119,746		1964	12/9/2013	3-40 years
	$	448,359	$	272,661	$	1,358,033	$	86,457	$	132,789	$	272,661	$	1,437,593	$	139,685	$	1,849,939	$	132,328	$	1,717,611

⁽¹⁾Disposals are reflected as reductions to cost capitalized subsequent to acquisition.

⁽²⁾ Encumbrance on the Hotel Palomar is presented at face value, which excludes loan premium of $2.0 million at December 31, 2013.

⁽³⁾ Encumbrance on the Embassy Suites San Diego Bay-Downtown is presented at face value, which excludes loan premium of $3.4 million at December 31, 2013.

⁽⁴⁾ Encumbrance on the Hotel Modera is presented at face value, which excludes loan premium of $0.5 million at December 31, 2013.

Pebblebrook Hotel Trust

Schedule III--Real Estate and Accumulated Depreciation-Continued

As of December 31, 2013

(In thousands)



Reconciliation of Real Estate and Accumulated Depreciation:
Reconciliation of Real Estate:
Balance at December 31, 2010	$	605,382
Acquisitions	515,531
Capital Expenditures	42,639
Balance at December 31, 2011	$	1,163,552
Acquisitions	280,927
Capital Expenditures	50,688
Balance at December 31, 2012	$	1,495,167
Acquisitions	318,619
Capital Expenditures	38,153
Disposal of Assets	(2,000		)
Balance at December 31, 2013	$	1,849,939
Reconciliation of Accumulated Depreciation:
Balance at December 31, 2010	$	5,668
Depreciation	30,400
Balance at December 31, 2011	$	36,068
Depreciation	41,870
Balance at December 31, 2012	$	77,938
Depreciation	54,511
Disposal of Assets	(121		)
Balance at December 31, 2013	$	132,328